Maybank MEACP Pte. Ltd. (the “Manager”) is a 50/50 joint venture (“JV”) between Mayban Ventures Sdn Bhd ("Mayban Ventures”) and Mr. Mumtaz Khan, founder of Middle East and Asia Capital Partners (“MEACP”), a Singapore-based private equity firm. Mayban Ventures is the private equity and venture capital management company of Malayan Banking Berhad (“Maybank”). It has invested in more than 40 companies in Malaysia and has assisted its investees in mapping strategic directions, providing corporate and business development and providing access to other forms of funding and services available within Maybank. Maybank is the largest publicly listed Malaysian financial services group with a market capitalization of approximately $16.7 billion, a network of over 1,700 branches and offices in 14 countries.

The Fund is targeting to raise $350 million commitment. IFC proposes an equity investment of the lesser of $25 million or 20% of the total commitments

25.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	25.0

* These investment figures are indicative

MMCEF is formed as a Cayman Islands exempted limited partnership. The Fund Manager will manage its operations from its office in Singapore.

The impact of providing equity financing to businesses in the clean energy sectors through the Fund includes, but is not limited to: (i) improvement in clean energy technology in Asia and associated lower fossil-fuel consumption along with reduced emissions of greenhouse gases (GHG); (ii) adoption of more sustainable clean energy practices; and (iii) dissemination of low cost technologies to developing markets.

IFC will play significant and unique role in (i) catalyzing funding from the development financial institution and international financial institution and (ii) Incorporation of environmental and social ("E&S") standards

This is a category FI project under IFC’s environmental and social review procedure. As a start up Fund, the appraisal will focus on: management team selection and experience; investment eligibility criteria; approach to due diligence process, specifically on the identification, assessment and management of environmental and social risks to ensure compliance with applicable countries laws and regulations, IFC’s Exclusion List, and the Performance Standards and approaches to portfolio management in both majority and minority stakeholder positions.

A Social & Environmental Management System (SEMS), appropriately scaled and resourced, will be required as a condition of IFC’s investment. This must include assignment of responsibilities and accountabilities for E&S issues, implementing procedures and processes, access to consultants and other technical expertise as needed, training, monitoring and review processes.

Additionally, IFC will review the implementation and performance of the SEMS for the first few sub-projects, prior to the Fund’s investment decision, to ensure that the SEMS is robust and has adequately addressed the environmental and social issues. For all Category A sub-projects, the Fund will inform IFC 15 days prior to a deciding to invest, and provide clarifications and information as required to demonstrate the sub-projects'' compliance with the applicable requirements.